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Tag Archives: NAR

NAR: Don’t Harm Homeownership Common Interests

Some critics believe the mortgage interest deduction only benefits the wealthy, but according to Iona Harrison, Chair of the National Association of Realtors’ Federal Taxation Committee, the numbers tell a different story. Take a look at what Harrison had to say to the Senate Finance Committee during a hearing entitled ““Individual Housing Reform.”

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Banking and Housing Lobby Petitions for CFPB Structural Changes

The banking and housing lobby has recently sent a letter to the leaders of the Senate and House appropriations committees expressing their position that the Consumer Financial Protection Bureau should be restructured from a single director to a bipartisan panel of five people. Will they be able to get it through before Cordray’s appointment is up in 2018.

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Distressed Properties Contribute to Low Average Market Time

The May 2017 Existing Home Sales Index was released Tuesday, showing that even though inventory is slightly on the rise compared to April 2017, median home prices are still increasing as well. Existing, unsold properties are coming off the market at record times, and foreclosures and short sales are contributing factors. Some industry professionals, however, wonder how long this trend will last.

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Post-Foreclosure Stress Disorder: Barriers Keeping Buyers from Market

U.S. homeownership rates have been at a 50-year low despite improving local job markets and historically low mortgage rates. A recent report said there are five main barriers preventing a large number of individuals from purchasing a home: post-foreclosure stress disorder, mortgage availability, the growing burden of student loan debt, single-family housing affordability, and single-family housing supply shortages. Industry professionals explain what needs to be done in order to reverse the problems at hand.

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